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20130201
20130209
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KRCB (PBS) 15
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English 15
Search Results 0 to 14 of about 15 (some duplicates have been removed)
-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika mille "n.b.r.," new york. >> tom: still aad, the federal resee theatest target a cyber attack, areompanies taking cyber risks seriously? >> susie: on wall street today, a choppy day of trading with investors focused on new concerns about the outlook for europe's economy, and a new batch of corporate earnings. with more than half of the companies in the s&p reporting, quarterly results have been better than expected. still, by the closing bell, stocks were virtually unchanged. the dow rose seven points, the nasdaq fell three, and the s&p added nearly a point. >> susie: while the stock market is flirting wit
and taxes. white house economic adviser alan krueger warns the automatic spending cuts known as the sequester could hurt the economy and job growth. washington bureau chief darren gersh spoke with him at the white house just after the employment report came out. darren began by asking there's a clear trend in the jobs numbers. >> today's report of 157,000 was a little bit above what the average has been for the previous 12 months, but i think if you look at the whole pattern, we see a job market that's gradually healing. over the last 35 months, our businesses have add 6.1 million jobs. that's moving in the right direction but we have a big hole to dig our way out of because the financial crisis was so deep >> darren: it doesn't look like in the job numbers that the fiscal cliff scared employers from hiring people but that didn't show up. were you surprisebide that? i think our economy has been resilient. investment was strong in the fourth quarter, particularly in equipment and software. we're seeing signs that the private sector is healing. it's very important that the gove
unpaid bills of 130 million euros, plus 40 million euros for the tax office and social insurance. employees have not been paid for three months. it was a very complicated situatio >> and no solution is in sight. 11,000 people are unemployed. one of them is jose, who has gone back to how his father used to earn a living. >> there's no alternative. i used to work in construction, but that closed down here. and everywhere else, things are very bad. >> the fight for survival has brought creative ideas. just before the border to gibraltar, a group of unemployed people have opened up a parking lots. you pay as much as you want. manuel rodriguez and 40 other families live from it. >> i have no money for a year. before that, i was unemployed for five years. i need this to survive. >> at the end of his day, he brings home 20 euros. his wife does not want to be filmed. she suffers from depression. his son is still in school. his family is not the only one fearing for survival. >> the entire quarter is in a similar situation. there is no industry here, no work, nothing. it brings you to you
for the 4% to pull along the 96%. but the consumer is doing okay. >> charlie: do you think taxes impact the way business makes a decision about inconvenien inin, about hiring, about expanding factories, that kind of thing. >> sure they do. charlie: significant or is it simply depending on demand? >> i would say first of all if you compare taxes to your ability to sell the product, it's no contest. it's not even close. you may remember... >> charlie: the product. ... is the thing that runs the show. exactly. if your tax goes up a little bit but your ability to sell the product at the same time doubles or triples, you're really going to notice the taxes. you' goiull tottle if you can't sell it, it doesn't much matter if the government is giving you tax breaks. >> charlie: some people have since the crash in 2008, you know, have said, well, businesses uncertain about the future. >> you hear this constantly. charlie: i'll mention regulations. they'll mention the economic picture. or they'll mention the fact that they develop certain efficiencies. >> sure. they're trying. but what i always a
is not the issue, it is chuck hagel. his problem is not some tax, it is knowledge, elementary knowledge. he spoke about the government of iran as illegitimate the elected government. we know that the rolutn of 2009 was part byhe ft tha it was a rigged election, an illegitimate economy. the clip i wanted you to show was the one in which he said, he was asked about the policy of containment. it was not a bad during issue. he says, yes, i support the administration's policy of containment. he then gets a note that says, i have been told that i made a mistake. of course i am not in support of that. a policy of this administration on containment is that it does t have a policy of containment. at whi poi democratic senator levin had to rescue him and said, in fact, the administration has a policy of containment, and it is to oppose it. he was clueless. >> colby? >> he was in the position where he had to dodge a little bit. let's go back to the exchange with senator mccain on the surge. the issue was never the surge when you talk about iraq. the issue, as senator nelson from florida said, going into ira
, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the government is furloughed, which might take about a week. and then, that pain may be enough to cause the people on capitol hill and the president to come to some sort of rational deal. >> reporter: the short-term budget fight comes as the medium-term outlook for federal red ink is improving. the congressional budget office figu
gains in a year in january, despite the expiration of a payroll tax holiday. 20 retailers tracked by thomson reuters reported an average sales gain of 5% in january. that's nearly twice as strong as last year. erika miller looks at whether the sales momentum can continue. >> reporter: if there's one thing helping retailers these days, it's cold weather. low temperatures in much of the nation has boosted sales of coats and warm clothing. so no surprise that department stores selling those items were big winners in january. kohls, nordstrom, and macy's all posted double digit sales increases. >> if you are trying to clear winter goods that didn't sell over the holidays, the cold snap is a big help. we had a bunch of weather events-- cold, wet, snow, ice, so things are selling out even if they've been marked down. that's really cleaning out inventory that needs to get out before the spring. >> reporter: but to be fair, there was also a quirk of the calendar that gave many big retailers a fifty-third week in their fiscal year. that meant an extra week of sales in january. >> but spen
package be in the form of tax cuts. a lot of democrats are going to hate that, but republicans like tax cuts, and we can just get everybody on board from the beginning." >> narrator: he was told right from the start the stakes couldn't be higher. >> this is the first of a series of tests. and if he failed this one, what would it say for his administration and his ability to deal with all the other challenges we're going to face? >> president obama promised the american people he would bring bipartisan solutions... >> narrator: he decided to make a symbolic gesture: he'd come to them. >> mr. obama is hoping for support from both sides of the aisle... >> narrator: take his proposal to the republicans on their own turf. >> he'll try and sell his plan to the republicans... >> narrator: he headed right for the meeting of the republican caucus. >> it's a rare day when the president goes to the capitol to meet only with members of the other party... >> hello, everybody. how are you? >> he spoke extemporaneously about the stimulus. he walked us through it probably 15 or 20 minutes, just his tho
. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those samfactors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largestealf its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservative party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people should be able to get married, too. this is yes about equality but it's also about making our society stronger. i know there are strong views on both sides of the aisle, i respect that, but i think this is an important step forward for our country. >> sreenivasan: the
say the postal service, who takes no money now-- we get no tax money-- shouldn't get a tax bailout and should live within their means, meaning if twee need to eliminate delivery on saturday we do. now, our proposal is to eliminate delivery of mail but to continue to deliver packages, which includes medicine for the elderly and handicapped and the rural areas. and that's what our customers have told us. last year we made some changes. post offices. we talked about having to close small, nonprofitable postal offices. we spent a lot of time in the eld and herdack from crust mers. they said we don't care if you shrink the opening, just keep the it open. here's the problem we're facing, jeff reerk no matter what anybody thinks on this-- people pay bills online. in the year 2003, we delivered 51 billion-- with a "b--" pieces of stamped mail out of the mailbox. this year it will be 21 billion. 30 billion pieces in less than 10 years at 46 centsapiece say differential in that group of $14 billion. nobody is stepping up saying i'll take a pay cut that makes those kinds of differences us. no
austerity measures upon them hiking their taxes and cutting public servants pay. opposition parties are demanding the prime minister's resignation. they say he's not fit to be leader as the country faces its fiscal crisis. he's deniedhe allegations. >> translator: i must reiterate what i said last saturday. nothing in report about me and my fellow party members is correct. what is being published in the media and otherwise expressed is competely and utterly false. >> the prime minister said he has no intention of stepping down. he's promised to release documents listing his income and assets. it's sent ripples through the financial market. the dow jones plunged 130 points. investors place orders on a wide range of shares after learning of the spanish government. there's another political worry in italy. it involves the prime minister. he's reportedly gaining support in the upcoming election. analysts say market players are concern these factors could trigger dot over financial reforms. the european political jitters hurt expectations of a further increase of the dow which rose to th
to a surplus. finance ministry officials said last year's tax revenues excluding debt servicing costs surpassed spending by 434 million euros. that's about $590 million. the previous year's primary balance was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor. they say the credit rating agency caused losses to investors by giving high scores to mortgage-backed securities. department officials said they filed the civil lawsuit against the credit rating agency. they claim the s&p knew the housing market was at risk in 2007. they say they inflated their ratings of loans and other financial products to avoid losing clients. >> s&p misled investors, including ma federally insured financial institutions, causing them to lose billions of dollars. this alleged co
in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> rose: because election
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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